Pressures for boeing, downgrades at Credit Suisse and ubs renewed congressional scrutiny, shares tumbling 10 on the past week. Opioids on trial in ohio for Drug Companies reaching a last minute settlement ahead of a landmark First Federal opioid case. And Mark Zuckerberg speaking out, why the facebook ceo tells nbc news it is more important to be understood than it is to be liked. Shares of boeing under pressure, having its worst day in more than 2 1 2 years, losing almost 7 friday. As we said, Credit Suisse and ubs cut the stock to neutral from buy today boeing under scrutiny following the revelations of the emails from 2016, which called into question the safety of the 737 max jets Flight Control system. The board met over the weekend, expressed regret over the message, continuing to investigate. Dennis muilenburg is scheduled to testify at house transportation next week reuters suggested this Board Meeting in texas may consider things like job cuts and some other kinds of trimmings
And ill be getting the inside track on philanthropy for women by women. Hrh Crown Princess of norway is here. Female empowerment is a big theme here this year, and you canjoin in the debate. As the allegations have surfaced about the hostesses who we re surfaced about the hostesses who were harassed at a men only dinner in london, 50,000 people have signed a petition saying more needs to be done to protect women. Tell us what you think should be done. There are 3,000 of the worlds top business and political leaders at the World Economic forum in davos. But none of them will get us much attention as the man arriving in a few hours , us President Donald Trump. Tensions have already been stoked with the us delegation talking of a trade war and more tariffs on imports. This week the president signed new protectionist measures against foreign goods slapping tariffs of up to 30 on chinese solar panels and up to 50 on south korean washing machines. Mr trump has alsoe threatened to pull out of
Much of mike were was involved with the boston globe for 11 years. Editor for the miami herald and work of the l. A. Times. Feel very strongly and strongly committed to the success of those institutions. They do face enormous pressures. Ill own up to the fact i eliminated the foreign coverage of the boston globe and i guess 2007 or so we were going through the recession. We were expressing 30 decline in revenues and does anybody any management role has to do, you have to make some very tough decisions. The question was are we going to maintain our foreign staff, five or six people, or cover our local region . The answer for institutions like the boston globe, we will cover our local region. There are other places that can cover the world. Nobody was happy with it. I wasnt happy with it. I were sharply criticized youre pretty much all of the people overseas at the moment left the boston globe to do other things, but i think that those institutions, they are still major newspapers. The b
Shut off just about 15 minutes ago but you can see the hole in the ground here and from what we have been hearing the water was spraying into the air a good two stories from the air. We saw a picture from the Water Department spokesperson that says this was quite serious initially. You can see the water is turned off. It was turned off about 15 minutes ago there is now a hole in the street. Were on the 3400 block here in the Strawberry Mansion neighborhood where i have been told i have just been talking with the Water Department and the water on this block has been turned off. Youre seeing video. A little bit of a Better Vantage Point of what is going on from above and the only real effect at this point is the water is turned off on this block. The Water Department is going to be back out here to assess the damage and figure out what happened here but everything is stra starting to wrap up. Now just a giant hole in the ground behind me. Now to an update on the story we have been follow
Yelp. Well tell you what to expect from those very volatile stocks. Rob reiner, actor and filmmaker. Hes here with a film written by his son about his own addictions. Sending crude Prices Higher maybe. Deird deirdra bosa is with us. We had to move as we were leaving a wall of smoke was closing in on our location. We had to move quickly. We snapped a photo that i believe we can show you. It looked like this big plume of smoke. Over the last few hours we were camped out near the highway. We saw a long line of emergency vehicles headed into the blaze. It isnt threatening oil sands operation but production is being impacted. Reuters have calculated that at least 140,000 Barrels Per Day in capacity is now offline which isnt huge in the grand scheme of things but a lot of that oil goes the u. S. An alberta official says theyre conducting basic wildfire training. From the looks of it, there have been a lot of firefighters and vehicles heading into the affected area. So who knows how long it w